COP27 ends with historic compensation fund; little progress on other issues
While the UN climate summit in Egypt concluded with a landmark decision to establish a fund to address loss and damage, the outcome on other crucial issues such as India's call for phasedown of all fossil fuels reflected little progress when compared to the deal struck a year ago in Scotland.
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January 2025 | Carbon Minefields Oil and Gas Exploration Monitor
Last month, a total of 78 oil and gas exploration licences were awarded in two countries. The United States had the largest volume of embodied emissions in the licences it awarded.
"Electrify, Baby, Electrify": In 2025, governments must choose a safer world
President Trump campaigned on the slogan “drill, baby, drill,” yet, the case for transitioning from fossil fuels to clean energy has never been stronger.
December 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In November 2024, 23 oil and gas exploration licences were awarded across five countries, with Russia granting the licences that account for the largest portion of embodied emissions.
November 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In October 2024, 20 oil and gas exploration licences were awarded across three countries, with a significant portion granted by Brazil.